China's has made no secret of its plans to take on Boeing and Airbus in the market for large aircraft through a new government-backed aircraft maker. The Oriental Morning Post talks to some of the key players from the Chinese side about the challenges ahead.

Sony’s (SNE.NY, 6758.TYO) sales in China climbed 30% during the 2007 fiscal year (1 April 2007 to 31 March 2008), well above the 6.9% growth rate it registered globally, China Business News reported. Cai Leilei, vice PR manager of Sony China, said the gains came even as the company removed some of its sales agents and cut the number of branches on the ...

Unsurprisingly, most China-focused news outlets provide extensive coverage of the devastating earthquake that hit Sichuan province Monday, killing at least 10,000 people.The Wall Street Journal reported that Shanghai stocks fell more than 3% in the minutes after the market opened in the wake of the earthquake, before climbing again after the “initial k...

Monday's devastating earthquake in southwest China again leads coverage of China in the main newspapers. The China Daily added that the earthquake will further complicate authorities' macroeconomic policymaking at a time when growing yuan lending is already raising fears of further inflation. China's annualized growth in yuan lending dropped slig...

The Wall Street Journal, the Financial Times and the South China Morning Post all led their online China business coverage with the release of April inflation numbers by the National Statistics Bureau. The WSJ relies on an AP feed, while the FT gets its wire news via Reuters. China's consumer price index rose by a near decade-high 8.5% year-on-year in Ap...

Nokia (NOK.NY) said it will continue to endorse China’s homegrown 3G mobile phone standard TD-SCDMA despite the collapse of Commit, one of China’s five TD-SCDMA chip developers, China Business News reported. Nokia is one of 17 shareholders in the company that filed for bankruptcy on May 6. Nokia said it will launch handsets using the TD-SCDMA sta...

Rising raw materials costs are putting pressure on automakers to increase prices or go bust. But low consolidation in the industry means it is still a buyer’s market, Shanghai Securities News reports

BenQ, a Taiwanese IT giant, launched a hospital Monday in Nanjing, the capital of Jiangsu province, and plans to open another one in Suzhou, in the same province, by the end of next year, China Business News reported. BenQ chairman Lee Kuen-yao said the hospital, which took five years to prepare, was the first step in the company’s plans rto move into ...

SCR Sifang Locomotive and Rolling Stock Co said Sunday it has inked a US$100 million deal to export metro trains to Mumbai, India’s largest city, China Business News reported. Under the terms of the deal, 18 108-car Chinese-made rapid mass transit trains will be delivered for use in Mumbai’s underground transit system within 18 months. The order ...

Shares of BHP Billiton soared 5.8% in Australia Wednesday amid market speculation that China was looking at to buy a stake in the Anglo-Australian mining giant, the Wall Street Journal reported. Rio Tinto also saw a gain in its share price in an otherwise quiet market.

The CEO of Inner Mongolia-based Little Sheep, or Xiao Fei Yang, Lu Wenbing denied reports the hotpot chain operator would go public in Hong Kong, China Business News reported. International media reported Wednesday that the company would raise US$111.38 million (RMB780 million) via an IPO in Hong Kong on June 12. He did not say where the company planned to l...

China’s software products and IT services market was worth US$82.99 billion (RMB580 billion) in 2007, accounting for 8% of global revenues from the sector, the Shanghai Securities News reported, Chen Ying, deputy director of the Product Department under the Ministry of Industry and Informationalization, told China’s first meeting on outsourcing s...

US private equity firm Carlyle Group has signed a memorandum of understanding with the government of Shandong province that the company says will give it the first look at deals in China’s second most valuable province by output, the Wall Street Journal reported. The coastal province of Shandong, south of Beijing, is a powerhouse in industries ranging ...

China will not further reduce export tax rebates on textile products, Du Yuzhou, director of the China Textile Industry Association, told a meeting of industrial giants in Shandong province over the weekend, China Business News reported. Du said two-thirds of China’s textile-related firms were either losing money or operating with extremely thin profit...

Ferrari expects its China sales to grow 50% this year and predicts the country will be its fifth, or even fourth, largest market in five years, China Business News reported, citing newly appointed Ferrari Global CEO Amedeo Felisa. China is now Ferrari’s eighth largest market. “We hope to see the Asia Pacific market overtake the US in three to fiv...

Bank of Shanghai is ready to acquire a stake in Hua’an Fund Company, Hua’an chief compliance officer Zhang Guofu told China Business News Tuesday. A board member of Bank of Shanghai said an official announcement will be made in the bank’s annual report and refused to disclose the size of the stake. The city-level bank made its intentions cl...

The value of software and services exported from China is forecast to grow at a compound annual growth rate of nearly 38% through 2011, China Daily reported, citing industry estimates. The total value of software and services exported from China was an estimated $1.8 billion in 2006, paltry compared with India's estimated $41 billion export revenue in th...

Beijing’s does not intend to replace Shanghai as China’s financial capital or compete with it for international recognition, Beijing Finance Office director Huo Xuewen told the National Business Daily. His remarks came after the Beijing government announced Friday that the Chinese capital plans to build a globally influential financial center. Th...

Average total assets at Shanghai’s top 100 companies grew 16.79% on the year before to an average US$5.97 billion (RMB41.74 billion) in 2007, Xinhua reported. The average return on net assets was 8.91%, up 5.11 percentage points. The top companies were large manufacturers like Baoshan Iron & Steel Group and Shanghai Automotive Industry Corp. Howeve...

Domestic plasma TV makers are eroding the market share onjce enjoyed by foreign giants in the domestic market. China Business News takes a look at the sector through the divergent fortunes of Hisense Kelon and Panasonic